See my tutorial on How to set up budgets in QuickBooks
Budget is a planning tool that helps managers to control their business finance.
To view your Budget and Forecast Report in QuickBook, click Report and select Budget and Forecast Report
This is an overview of your budget for a specified financial year.
Click Budget Overview
Select the budget period to use and click Next
Select a report layout and click Next, Click Finish.
Budget Vs Actual
This is one of the most important report business owners follow on a daily, monthly and yearly basis - it serves as a performance measurement.
When you view this report, it compares a business actual financial position to what it plans at the beginning for control and future planning purposes.
Click Budget and Forecast and Select Budget Vs Actual
Click Next, Next and Finish
Profit and Loss Budget Performance
As the name implies, it helps you to view your profit and loss performance against your budget.
Click Profit and Loss Budget Performance
Select the budget period to use and click Next, Next and Finish
Budget Vs Actual Graph
This shows a graphical representation of your budget compares to your actual performance.
Click Budget Vs Actual Graph
Forecast in QuickBooks
Forecast in QuickBooks shows projections for a specified period.
Click forecast overview, Next, Next and finish
Forecast Vs Actual
As the name implies, use this report to compare your projections against your actual figures.
Click forecast Vs Actual, Next and Finish